Hi John. A friend of mine turned me onto you, and all I can say is I am grateful people like you are willing to share their knowledge, and experiences to help uplift those who find themselves looking to delve into something out of their area of expertise. It's unfortunate there are not more like you. I left a lucrative occupation to do what you are doing; hopefully my friend and I run into one of these days.
Thanks for reaching out and connecting. Additionally, thank you for the kind words! I do hope that some of these videos have been helpful to you already. If you have any more mobile home specific questions never hesitate to comment back or email me directly. All the best. Keep in touch.
Good call on budgeting $1000 for electric. I just sold a 2/1 and the power was off when I purchased it. I had work done to the exterior and sold it for cash in under 30 days and never turned the utilities on. Sure enough the buyer called me a few days later, the kitchen and 1 bedroom were not getting electricity 🤦♂️. I had my handyman go over there this morning and he will fix it for $250-$400. So, not the end of the world. I definitely wanted to make it right and we still made great profit! Awesome video John 😎
Hi Paul! Great to hear from you. Thanks for commenting. Additionally, thanks for sharing this story. This is something that almost all of us has definitely done in one way or another. I am very glad that the cost was only around $400 or less. Could definitely have been a lot worse. Great job standing up and doing what was right. Other investors would have definitely walked away since the home was as-is. However fixing the pre-existing problem is definitely the right move. Thanks again for commenting. Keep in touch moving forward.
@@charless6272 there are many factors when it comes to pricing. Age, condition, location, Singlewide/Doublewide. Whether we are selling it for cash or financing and selling on payments. I always want to know what I can sell it for before making an offer to buy it, otherwise how will I know what to offer, right? The best thing to do is learn your market, how do you do that? Look online to see what people are selling for, but get the details and whether or not they got the price they were asking. Go talk to park managers, ask them what homes have been selling for. Drive through parks and talk to “ for sale by owners” or FSBO’s as they are called. Reach out and talk to other investors. Learning your market will be one of the first important things to do when getting into the game. I hope that helps and good luck!
Thanks for reaching out and connecting. Any specific mobile home related questions you have never hesitate to comment back or reach out personally. All the best.
Nice house review. I'm new to living in a manf/mobile home. A comment at 8:09. You saw the mildew. I had to back up to hear what you said, because all I saw was the out of plumb steps. That's a lawsuit waiting to happen. Going up or down it's very easy to take a header. It's not off by a little it's off by a ton.
Hi Jim. Thank you for reaching out and connecting. Thank you for pointing out these steps out of plumb. You are absolutely right that lopsided or missing steps/boards is a very common issue with these mobile homes. Different sizes of people may be fine walking on some of these boards, however other folks may fall through if things are not supported properly. You're right about the potential lawsuit waiting to happen as well. This should be checked out at the front of the home and back of the mobile home for every property we purchase. Thanks again for pointing this out. This certainly wants to be addressed prior to having people walk through the property. Keep in touch moving forward. Any follow mobile home related questions never hesitate to reach out any time. All the best. Talk soon, John
I bought a property with a mobile home on it, not at a mobile home park. Idk ANYTHING about mobile homes, hopping on here to learn as much as I can before I meet with the inspectors next week. 😅
Thanks for reaching out and commenting. Great job pulling the trigger on this piece of property. You will definitely have more questions when it comes to this property and the mobile home. Moving forward if you have any specific questions never hesitate to reach out any time. Keep in touch. All the best.
What about the mold spores? The get into the heating system and are virtually everywhere within the home. Good luck fixing this issue. I would never buy one with any mold.
Hi Jason. Thank you for reaching out and taking the time to comment. It is certainly your decision to purchase or pass on any mobile homes you wish. You are likely avoiding a number of headaches by choosing nicer homes, and especially ones where there is no visible mold present. It is important to always check for signs of leaks as none of us have x-ray vision to see through walls and spot mold that is forming. I have learned that anywhere there is humid air there is the likelihood and possibility of mold growing. Mold is everywhere and really just needs the right environment to start becoming an issue. Some of these issues are concerning, and others are much less concerning. While investing make sure you absolutely know what you are buying prior to purchasing anything and making any offers. Thanks again for commenting. Feel free to keep in touch moving forward. If you have any follow-up mobile home questions never hesitate to reach out any time.
Little skirt tip. If you are in a frost prone area, the skirt needs to be off the ground. If its directly on the ground it can lift the Mini home. This happened to one i just bought, and levelled. Its not level now, its a $3000 mistake from the company that levelled it just last year. Im going to try and do it myself now, i don't like trowing away money. NB Canada.
Thank you for reaching out and connecting! This is a great tip! I'm thinking that your specific type of skirting it is metal and/or very thick. I was surprised to read that the skirting itself could support the weight of pushing up the many home. With that said, thank you very much for this tip. Thankfully that is not been my experience with full-sized mobile homes and manufactured homes. Stay warm and safe. Thank you again for commenting and the tip. Moving forward any follow-up mobile home questions or tips never hesitate to reach out anytime. All the best.
The skirt material is PVC, It pushed up the 2x4 wood skirt framing on one side and half the other side. Even lifted my cathedral ceiling about a half an inch. Stayed like that till the frost came out. Just a little heads up if your in a frost prone area. Thanks
Excellent video ! I purchased a mobile home in pretty great shape . Did some repairs ! Beats N.Y.C 2 bedroom apartments for $ 2,000 per month . Not a bad investment . .
Great work Anthony! Congratulations on this deal. I hope it works out even better than expected. Moving forward any challenges or issues never hesitate to reach out anytime. Keep in touch moving forward. All the best. Great work again.
Hi John. I’m buying a 1985 double wide mobile home, but can’t seem to find the vin. There’s no tongue and has been remodeled. How can I find it? Thanks.
Hi Megan. Thank you for commenting and reaching out. The situation about the tongue is not a big deal at all. Most competent movers can weld or bolt on a tongue for you to borrow for an extra fee. Movers will also add on axles and wheels if needed as well for an extra fee. With regards to the VIN or serial number this may be found in a few locations around the home. However you are definitely correct that sometimes it is just simply gone. Inside the home there may be a piece of paper glued to the wall known as the "data plate" with most of the pertinent information about the mobile home on this form. However over the years this can definitely be removed or painted over. Outside of the home there may be a HUD label that measures 2" x 4" on the back of the mobile home. Should be a little metal plates. However sometimes this is not available either. This plate should be found on all manufactured homes built after 1976. This double wide should have two HUD labels if possible. If none of this can be found you may be able to find a small number pressed into the steel where the front tongue should be. For this varies from manufacturer to manufacturer. You may be able to contact the local park, taxing authority, or Department of Motor Vehicles to provide the address and see if they are able to locate any pertinent information on the mobile home in their records. I hope this helps and points you in the right direction moving forward. If you have any follow-up questions or concerns about this issue or anything else never hesitate to reach out anytime please. Talk soon, John
Hey John, I've watched several of your videos now and you really do a great job helping people get started. Question...when you do drywall repairs to walls and ceilings is the standard 1/2" sheetrock used or is it different and need to be purchased at a specialty supply?
Hi Tracy. Thank you for commenting and reaching out. My apologies in the delay of this comment reply. I thought that I had commented and replied already. I imagine that by now you have probably already got the situation fixed. Concerning ceilings I'm typically replacing ceiling panels with quarter inch sheet rock and cover the gaps with trim or batten strips. Instead of sheet rock on the ceilings you may also use wall paneling that is flipped over and painted to match the current ceiling. On the walls I will either replace with paneling or half-inch sheet rock depending on what I am replacing. If I am near a mobile home part store that carries a vinyl-over-gypsum type of product I may go with that on newer homes. Hope this helps and answers your question. Feel free to keep in touch moving forward. Any follow-up questions you have never hesitate to reach out anytime. Talk soon, John
John, great videos my friend. While I appreciate your approach and see the upside, I am doing mobile homes from a different angle - Starting a new park with new units and selling them Lease-to-Own. I have a lender and they have a program. Do you have any videos/training on establishing the initial infrastructure? I have the land in a hot spot and ready to roll. Thanks!
Howdy Mark! I love your comment. First things first, great work with regards to taking on this project. This is likely a huge endeavor. I do not have any intentions of starting my own park from the ground up. I have interviewed a couple people in the past that have started their own park and/or a tiny mobile home village with less than stellar results. It seems as if there is always way more red tape than they expected, and things cost way more than they expect as well. You seem to have to invest so much before you make anything in revenue, compared to buying a park with money already coming in. From the little bit I know of buying and selling mobile home parks, it seems vastly more simple and straightforward to purchase a poorly run preexisting mobile home park then rather start one from scratch. This is the lesson I have learned from other mobile home park investors as well. I have added a number of mobile home lots to my current parks however this is not totally from scratch obviously. I definitely do not want to give you any wrong advice or misleading information as I am definitely not experienced with creating a mobile home park from the ground up. I am definitely experienced with selling lease to own, however not with building a park from scratch. However, I am really really glad that this seems to be working well for you. If you have any specific questions about the lease to own process or getting into preexisting mobile home parks, I am definitely happy to help share what I know. Keep in touch moving forward. Would definitely love to hear more about your journey as well. Comment back anytime. Keep up the great work! All the best.
Thanks for commenting and reaching out. It would definitely be ideal for most people to take some "home-improvement" type of classes while in grade school. I remember taking home economics and even woodworking classes. However never took any classes that actually taught me how to fix things around the house. Like I was saying, it would be ideal for everyone to be a great handyman or very knowledgeable about repairs and mobile homes, however that is not reality. Over time we definitely do learn about repairs. In the meantime it is important to be working with a knowledgeable and trusted mobile home handy person or mobile home investor partner. Hope this helps and makes sense. This is just my opinion though. Feel free to keep in touch. Any follow-up questions never hesitate to reach out anytime. All the best.
Thank you for reaching out and connecting. This could certainly be from a combination of issues. However the first one that comes to mind is the home sinking somewhere at the foundation. This causes the mobile home to twist, drywall to crack, windows have a difficult time closing, doors don't close well either, etc. Hope this helps and point you in the right direction. If you look under the home and it is not sinking than perhaps feel free to email me pictures of the wall crack and I would be happy to see if I can tell what is going on. Feel free to keep in touch. All the best.
Thanks for watching and commenting, Audrey. Thanks for mentioning it. Happy to help. Moving forward if you have any follow-up mobile home questions never hesitate to reach out anytime.
Super helpful video. Thank you!! Whay if a unit is pre HUF and in good condition. Would you still consider it? Im in Cal (Bay Area) and things are expensive
Hi Susi. Thank you for reaching out and connecting. Very glad to hear that this video was somewhat helpful to you already. Moving forward if you have any mobile home specific questions never hesitate to reach out anytime. Yes, if the mobile home does not have to be removed then a mobile home built in the 1960s or 70s certainly acceptable in my opinion. With that said I've been through homes from the 1970s that are better well-kept than some homes from the 1990s. If the home does have to be removed then this may be a bit difficult to have homes pre-1976 moved from one location to another. That said there are definitely buyers around that will buy these and move them for their own purposes. I hope this helps him and answers the question. Moving forward never hesitate to reach out anytime please. Keep in touch. All the best.
Any tips to save $$ on heating and a/c? The homes we’ve bought surprised us on the cost of a/c units wondering if you have alternative solutions (in South so swamp coolers aren’t an option)..was thinking mini split?
Great question, I'm considering a mini split too. The cost to replace a furnace is pretty steep. Hoping others can chime in on that one. All the best Scott
I have found that even on the old homes the central heat works but the a/c doesn’t. In that case, I will just put window units in. Also, people know that central a/c or heat pumps are very expensive to repair.
Thanks for reaching out and commenting. Those mini split systems are becoming extremely popular. I was recently in a mobile home supply warehouse that was telling me they are having difficulty keeping them on the shelf. These type of systems say that they are do-it-yourself, however having a knowledgeable handy person available will be very helpful. This would not be the same with window units, however the mini split system look so much nicer.
Thanks for commenting and reaching out Scott. You're so right that the AC and furnace can be overlooked while walking through a home. Many times a mobile home seller will invite you out when the home looks its best and the temperature is most comfortable. Sellers know how to hide issues or downright lie about certain things. For this reason it is important to test everything when possible. However even testing these units can prove that they work, however they may break after an hour or more of using. When you're investing in homes have a miscellaneous budget of around $1000 per home if possible. With regards to the tips on heating and AC's. Make sure to get for different opinions on fixing the unit that you currently do have. The mini split systems are a very good alternative for most retail users. Depending the state you are in a furnace and AC may be more or less needed depending on your exit strategy. For some lower income residents there may be a state program that will have the government come out to provide a new furnace, windows, and even insulation in the mobile home. Hope this all helps some and points some people in the right direction. Keep in touch moving forward. If anyone has any other suggestions please add them below.
@@MobileHomeFormula my son in law and I installed a mini split in my garage at another house. they are fairly easy to install with help. However, you will need to hire an a/c contractor to charge the system. At least on mine I did. That one unit ran about $1500-$1700.
I need your expert advice. I looks at a 14 by 48 mobilehome. 1994 Artcraft wick stamped 3 star stamped for energy efficiency. The outside is beautiful. Vinyl siding. The inside had the walls not paneling. The walls actually felt like decorative paper. The heat wasn't on or the electricity. In a very nice nice mobilehome park. Of course $400 a month. New skirting. I called the 2 utilities companies and found out their utilities $ average last year. Very low. The park owner wants $20,000. They say they will replace the dishwasher. They won't guarantee the washer and dryer. They will only give a 60 day warranty of the mobilehome it's self, which I'm sure is heating extra. Looks like previous owner put in a expensive Central/ Air. I noticed back bedroom cieling has a small water stain My question is what should or cd be my negotiation leverage to get this place And the inside needs cleanup and updates!!!!
Hi Mildred. Thank you so much for reaching out and connecting. Very glad to hear that you are already looking at this mobile home for sale. It certainly does not sound too old at all. The dimensions are decent, but definitely on the smaller side. I'm imagining that this is a two-bedroom mobile home. You mentioned it is in a very nice mobile home park and that the lot rent is $400 a month. I am not sure where this is located, which state or city… For that reason I hesitate on giving you any advice if this asking price is too high or too low. However I can say the $20,000 is definitely a round number and completely made up as to what the park owner wants for the mobile home. Some park owners simply want to fill their community with good people and make sure lot rent is paid. Other park owners want to suck every dime out of the property they can. If you do pay anything close to $20,000, it sounds like you will have to add at least a few more thousand dollars with regards to the condition of the home and all the questions around the electricity which may or may not be working. If you did pay anything close to $20,000 and added more money, I would want you to be able to resell right away for cash, not payments, for $40,000 give or take. I'm not sure of your area however this is unlikely in most areas of the country for a two-bedroom home from the 90s. It definitely is very possible in some areas of the country, however I'm thinking the $20,000 for this mobile home is on the high side. However, if you are in a very hotspot desirable area around the country the $20,000 may be a low price. When it comes to negotiating with the park owner Park manager you want to make sure you stay focused on all the benefits that you are bringing to the community, if the park owner discounts the property they will be doing it because they trust you and know that you are the path of least resistance. You are no risk because you want to clean up the home and fix up the property and invest the money and time needed. You can only pay what you can pay. Be proud of your offer, make sure you will make a lot of money, and whether it is accepted or not move on to the next park and next offer. Keep in touch with this manager as more things may become available however you do not have to purchase every home. I hope this helps and points you in the right direction. Definitely keep in touch with any follow-up questions. All the best.
@@MobileHomeFormula absolutely it helped me out quite a but. I did call the utility companies for this lot number to find out their utility average. They are offering 60 days warranty if I pay their full asking price. And to my understanding it's with the home up and running. I think your right that they are high on price by a small amount!!!!. And you are absolutely correct to figure sinking in a few thousand once they pass ownership. It's in Iowa. You gave me alot of good pointers!!!!. Thankyou
Thanks for reaching out and connecting. Understood and agreed. For most and-users that will be living in the mobile home that they are purchasing, and inspector can easily pay for themselves. Most inspectors will absolutely find things that average people miss out on. These issues can then be used as a bit of a negotiation factor. Which is normal after all since these repairs typically will cost a good bit of money to fix. Thanks again for commenting. Any follow-up mobile home or manufactured home related questions never hesitate to reach out anytime.
Thank you! I do hope that this video was somewhat helpful to you already. If you have any mobile home specific questions never hesitate to reach out any time. All the best.
Hello Lisa. Thanks for reaching out and connecting. Located in the central Texas area. However folks that are interviewed on this channel are located around the country. Moving forward if you have any mobile home related questions never hesitate to reach out anytime.
Thanks for commenting. I am curious your experience with buying a home next to a septic tank. There are different types of septic tanks, ones that are inground, and ones that are sticking above the ground as well. If a site build home Oregon manufactured home dumps its waste into a septic tank then that septic tank will likely be somewhere somewhat close to the property. However in almost every situation this is usually done to code and in a relatively safe manner. Then again I have seen some crazy things over the years. However curious what you may have dealt with or any advice you have for folks purchasing a home with a septic tank.
@@MobileHomeFormula , Their septic tank leaked raw sewage under my home for 2 years. it was a nightmare ,they are now hooked up to the city sewer,so it isnt leaking no more, the tank was right next to my bedroom, the smell was bad..the tank was underground, but six homes was hooked up to it...
Hi Jayden. Thank you for reaching out and connecting. New flooring throughout an entire mobile home will certainly be a wow factor in many situations. Thanks for commenting and mentioning this. Moving forward if you have any mobile home related questions never hesitate to reach out any time. All the best.
Understood and agreed. Thanks for commenting. Looking around and testing everything can definitely show that you have done this before. Not to mention the more thorough we look into things the better. Thanks again for commenting. Any follow up mobile home related questions never hesitate to reach out any time.
Thanks for commenting. Everyone is definitely entitled to their own opinion. I imagine that the person commenting this may never have actually seen a decent mobile home park. I know before I purchased my first mobile home in a park that I had never been through a mobile home park and only had negative opinions on them. If someone would have asked me about mobile home parks I probably would have said the same thing. However after driving through a lot of them and talking with the people that are there, there really are a lot of good folks and regular people inside these communities. The parks are only as good as the management. After all these years I'm a little glad that the negative mobile home stigma has lasted. This keeps other investors out of this niche as most people think trailer parks are the worst too. Moving forward if you have any follow-up mobile home questions never hesitate to reach out any time.
@MobileHomeFormula Lived and grew up in these places. Even the nicer ones always had high crime and domestic disputes. A mobile home is a great starter on a piece of land where you plan to build a house.
@@MobileHomeFormula if you are successful for 20 years you don't spend hours making your hair like a trans Karen. In fact I dont think anyone does that. Trudeau's hair doesn't even come close to that trainwreck. Is that you? Bro...
Thanks for commenting. Many of them for sure... Especially the ones built prior to 1976 when there were much fewer building regulations for these homes. However these days sometimes you will go into mobile homes that have been completely rebuilt and are way nicer than they originally were.
Hi Chris Hemingway. You for reaching out and connecting. Great advice! Would you suggest a degreaser such as Dawn or something else? Why is it that bleach being used to kill mold is such a common and widespread misconception? I have been told this for years and still whenever I clean off mold with soap and water, or remove it all together, I still will likely bleach nearby locations in fear spores have spread in the general area. Thanks again for the advice. As always, if you have any follow-up comments or questions never hesitate to reach out anytime. All the best. Talk soon, John
Hi John.
A friend of mine turned me onto you, and all I can say is I am grateful people like you are willing to share their knowledge, and experiences to help uplift those who find themselves looking to delve into something out of their area of expertise. It's unfortunate there are not more like you.
I left a lucrative occupation to do what you are doing; hopefully my friend and I run into one of these days.
Thanks for reaching out and connecting. Additionally, thank you for the kind words! I do hope that some of these videos have been helpful to you already. If you have any more mobile home specific questions never hesitate to comment back or email me directly. All the best. Keep in touch.
Good call on budgeting $1000 for electric. I just sold a 2/1 and the power was off when I purchased it. I had work done to the exterior and sold it for cash in under 30 days and never turned the utilities on. Sure enough the buyer called me a few days later, the kitchen and 1 bedroom were not getting electricity 🤦♂️. I had my handyman go over there this morning and he will fix it for $250-$400. So, not the end of the world. I definitely wanted to make it right and we still made great profit! Awesome video John 😎
Hi Paul! Great to hear from you. Thanks for commenting. Additionally, thanks for sharing this story. This is something that almost all of us has definitely done in one way or another. I am very glad that the cost was only around $400 or less. Could definitely have been a lot worse. Great job standing up and doing what was right. Other investors would have definitely walked away since the home was as-is. However fixing the pre-existing problem is definitely the right move. Thanks again for commenting. Keep in touch moving forward.
How do you price your mobile homes?
@@charless6272 there are many factors when it comes to pricing. Age, condition, location, Singlewide/Doublewide. Whether we are selling it for cash or financing and selling on payments. I always want to know what I can sell it for before making an offer to buy it, otherwise how will I know what to offer, right? The best thing to do is learn your market, how do you do that? Look online to see what people are selling for, but get the details and whether or not they got the price they were asking. Go talk to park managers, ask them what homes have been selling for. Drive through parks and talk to “ for sale by owners” or FSBO’s as they are called. Reach out and talk to other investors. Learning your market will be one of the first important things to do when getting into the game. I hope that helps and good luck!
Thanks for the tips.
Happy to help!
John, I appreciate all the information you provide.
Thanks for reaching out and connecting. Any specific mobile home related questions you have never hesitate to comment back or reach out personally. All the best.
John appreciate info. MH with floor could be POH with 3-5k updating. Would mover decline move in that condition?
Nice house review. I'm new to living in a manf/mobile home. A comment at 8:09. You saw the mildew. I had to back up to hear what you said, because all I saw was the out of plumb steps. That's a lawsuit waiting to happen. Going up or down it's very easy to take a header. It's not off by a little it's off by a ton.
Hi Jim. Thank you for reaching out and connecting. Thank you for pointing out these steps out of plumb. You are absolutely right that lopsided or missing steps/boards is a very common issue with these mobile homes. Different sizes of people may be fine walking on some of these boards, however other folks may fall through if things are not supported properly. You're right about the potential lawsuit waiting to happen as well. This should be checked out at the front of the home and back of the mobile home for every property we purchase. Thanks again for pointing this out. This certainly wants to be addressed prior to having people walk through the property. Keep in touch moving forward. Any follow mobile home related questions never hesitate to reach out any time. All the best. Talk soon, John
I bought a property with a mobile home on it, not at a mobile home park. Idk ANYTHING about mobile homes, hopping on here to learn as much as I can before I meet with the inspectors next week. 😅
Thanks for reaching out and commenting. Great job pulling the trigger on this piece of property. You will definitely have more questions when it comes to this property and the mobile home. Moving forward if you have any specific questions never hesitate to reach out any time. Keep in touch. All the best.
What about the mold spores? The get into the heating system and are virtually everywhere within the home. Good luck fixing this issue. I would never buy one with any mold.
Hi Jason. Thank you for reaching out and taking the time to comment. It is certainly your decision to purchase or pass on any mobile homes you wish. You are likely avoiding a number of headaches by choosing nicer homes, and especially ones where there is no visible mold present. It is important to always check for signs of leaks as none of us have x-ray vision to see through walls and spot mold that is forming. I have learned that anywhere there is humid air there is the likelihood and possibility of mold growing. Mold is everywhere and really just needs the right environment to start becoming an issue. Some of these issues are concerning, and others are much less concerning. While investing make sure you absolutely know what you are buying prior to purchasing anything and making any offers. Thanks again for commenting. Feel free to keep in touch moving forward. If you have any follow-up mobile home questions never hesitate to reach out any time.
Little skirt tip. If you are in a frost prone area, the skirt needs to be off the ground. If its directly on the ground it can lift the Mini home. This happened to one i just bought, and levelled. Its not level now, its a $3000 mistake from the company that levelled it just last year. Im going to try and do it myself now, i don't like trowing away money. NB Canada.
Thank you for reaching out and connecting! This is a great tip! I'm thinking that your specific type of skirting it is metal and/or very thick. I was surprised to read that the skirting itself could support the weight of pushing up the many home. With that said, thank you very much for this tip. Thankfully that is not been my experience with full-sized mobile homes and manufactured homes. Stay warm and safe. Thank you again for commenting and the tip. Moving forward any follow-up mobile home questions or tips never hesitate to reach out anytime. All the best.
The skirt material is PVC, It pushed up the 2x4 wood skirt framing on one side and half the other side. Even lifted my cathedral ceiling about a half an inch. Stayed like that till the frost came out. Just a little heads up if your in a frost prone area. Thanks
Excellent video ! I purchased a mobile home in pretty great shape . Did some repairs ! Beats N.Y.C 2 bedroom apartments for $ 2,000 per month . Not a bad investment . .
Great work Anthony! Congratulations on this deal. I hope it works out even better than expected. Moving forward any challenges or issues never hesitate to reach out anytime. Keep in touch moving forward. All the best. Great work again.
@@MobileHomeFormula You are amazing. Doing construction work for years . Great to have a skill . Blessing's always 💯
Hi John. I’m buying a 1985 double wide mobile home, but can’t seem to find the vin. There’s no tongue and has been remodeled. How can I find it? Thanks.
Hi Megan. Thank you for commenting and reaching out. The situation about the tongue is not a big deal at all. Most competent movers can weld or bolt on a tongue for you to borrow for an extra fee. Movers will also add on axles and wheels if needed as well for an extra fee. With regards to the VIN or serial number this may be found in a few locations around the home. However you are definitely correct that sometimes it is just simply gone. Inside the home there may be a piece of paper glued to the wall known as the "data plate" with most of the pertinent information about the mobile home on this form. However over the years this can definitely be removed or painted over. Outside of the home there may be a HUD label that measures 2" x 4" on the back of the mobile home. Should be a little metal plates. However sometimes this is not available either. This plate should be found on all manufactured homes built after 1976. This double wide should have two HUD labels if possible. If none of this can be found you may be able to find a small number pressed into the steel where the front tongue should be. For this varies from manufacturer to manufacturer. You may be able to contact the local park, taxing authority, or Department of Motor Vehicles to provide the address and see if they are able to locate any pertinent information on the mobile home in their records. I hope this helps and points you in the right direction moving forward. If you have any follow-up questions or concerns about this issue or anything else never hesitate to reach out anytime please. Talk soon, John
Great video man thanks for all the tips💯🙏🏽
Any time! Hope it was really helpful. Any follow-up mobile home questions never hesitate to reach out anytime.
Hey John, I've watched several of your videos now and you really do a great job helping people get started. Question...when you do drywall repairs to walls and ceilings is the standard 1/2" sheetrock used or is it different and need to be purchased at a specialty supply?
Hi Tracy. Thank you for commenting and reaching out. My apologies in the delay of this comment reply. I thought that I had commented and replied already. I imagine that by now you have probably already got the situation fixed. Concerning ceilings I'm typically replacing ceiling panels with quarter inch sheet rock and cover the gaps with trim or batten strips. Instead of sheet rock on the ceilings you may also use wall paneling that is flipped over and painted to match the current ceiling. On the walls I will either replace with paneling or half-inch sheet rock depending on what I am replacing. If I am near a mobile home part store that carries a vinyl-over-gypsum type of product I may go with that on newer homes. Hope this helps and answers your question. Feel free to keep in touch moving forward. Any follow-up questions you have never hesitate to reach out anytime. Talk soon, John
John, great videos my friend. While I appreciate your approach and see the upside, I am doing mobile homes from a different angle - Starting a new park with new units and selling them Lease-to-Own. I have a lender and they have a program. Do you have any videos/training on establishing the initial infrastructure? I have the land in a hot spot and ready to roll. Thanks!
Howdy Mark! I love your comment. First things first, great work with regards to taking on this project. This is likely a huge endeavor. I do not have any intentions of starting my own park from the ground up. I have interviewed a couple people in the past that have started their own park and/or a tiny mobile home village with less than stellar results. It seems as if there is always way more red tape than they expected, and things cost way more than they expect as well. You seem to have to invest so much before you make anything in revenue, compared to buying a park with money already coming in. From the little bit I know of buying and selling mobile home parks, it seems vastly more simple and straightforward to purchase a poorly run preexisting mobile home park then rather start one from scratch. This is the lesson I have learned from other mobile home park investors as well. I have added a number of mobile home lots to my current parks however this is not totally from scratch obviously. I definitely do not want to give you any wrong advice or misleading information as I am definitely not experienced with creating a mobile home park from the ground up. I am definitely experienced with selling lease to own, however not with building a park from scratch. However, I am really really glad that this seems to be working well for you. If you have any specific questions about the lease to own process or getting into preexisting mobile home parks, I am definitely happy to help share what I know. Keep in touch moving forward. Would definitely love to hear more about your journey as well. Comment back anytime. Keep up the great work! All the best.
One must be a GREAT handyman or at least be VERY knowledgeable about what to look for before getting into this field.
Thanks for commenting and reaching out. It would definitely be ideal for most people to take some "home-improvement" type of classes while in grade school. I remember taking home economics and even woodworking classes. However never took any classes that actually taught me how to fix things around the house. Like I was saying, it would be ideal for everyone to be a great handyman or very knowledgeable about repairs and mobile homes, however that is not reality. Over time we definitely do learn about repairs. In the meantime it is important to be working with a knowledgeable and trusted mobile home handy person or mobile home investor partner. Hope this helps and makes sense. This is just my opinion though. Feel free to keep in touch. Any follow-up questions never hesitate to reach out anytime. All the best.
Any advice or any ideas on what could be cracking drywall on a mobile home???
Thank you for reaching out and connecting. This could certainly be from a combination of issues. However the first one that comes to mind is the home sinking somewhere at the foundation. This causes the mobile home to twist, drywall to crack, windows have a difficult time closing, doors don't close well either, etc. Hope this helps and point you in the right direction. If you look under the home and it is not sinking than perhaps feel free to email me pictures of the wall crack and I would be happy to see if I can tell what is going on. Feel free to keep in touch. All the best.
@@MobileHomeFormula thank you so much! This actually helps a lot! You’re awesome.
awesome video. a really big help!!
Thanks for watching and commenting, Audrey. Thanks for mentioning it. Happy to help. Moving forward if you have any follow-up mobile home questions never hesitate to reach out anytime.
Super helpful video. Thank you!! Whay if a unit is pre HUF and in good condition. Would you still consider it? Im in Cal (Bay Area) and things are expensive
Hi Susi. Thank you for reaching out and connecting. Very glad to hear that this video was somewhat helpful to you already. Moving forward if you have any mobile home specific questions never hesitate to reach out anytime. Yes, if the mobile home does not have to be removed then a mobile home built in the 1960s or 70s certainly acceptable in my opinion. With that said I've been through homes from the 1970s that are better well-kept than some homes from the 1990s. If the home does have to be removed then this may be a bit difficult to have homes pre-1976 moved from one location to another. That said there are definitely buyers around that will buy these and move them for their own purposes. I hope this helps him and answers the question. Moving forward never hesitate to reach out anytime please. Keep in touch. All the best.
Any tips to save $$ on heating and a/c? The homes we’ve bought surprised us on the cost of a/c units wondering if you have alternative solutions (in South so swamp coolers aren’t an option)..was thinking mini split?
Great question, I'm considering a mini split too. The cost to replace a furnace is pretty steep.
Hoping others can chime in on that one. All the best Scott
I have found that even on the old homes the central heat works but the a/c doesn’t. In that case, I will just put window units in. Also, people know that central a/c or heat pumps are very expensive to repair.
Thanks for reaching out and commenting. Those mini split systems are becoming extremely popular. I was recently in a mobile home supply warehouse that was telling me they are having difficulty keeping them on the shelf. These type of systems say that they are do-it-yourself, however having a knowledgeable handy person available will be very helpful. This would not be the same with window units, however the mini split system look so much nicer.
Thanks for commenting and reaching out Scott. You're so right that the AC and furnace can be overlooked while walking through a home. Many times a mobile home seller will invite you out when the home looks its best and the temperature is most comfortable. Sellers know how to hide issues or downright lie about certain things. For this reason it is important to test everything when possible. However even testing these units can prove that they work, however they may break after an hour or more of using. When you're investing in homes have a miscellaneous budget of around $1000 per home if possible. With regards to the tips on heating and AC's. Make sure to get for different opinions on fixing the unit that you currently do have. The mini split systems are a very good alternative for most retail users. Depending the state you are in a furnace and AC may be more or less needed depending on your exit strategy. For some lower income residents there may be a state program that will have the government come out to provide a new furnace, windows, and even insulation in the mobile home. Hope this all helps some and points some people in the right direction. Keep in touch moving forward. If anyone has any other suggestions please add them below.
@@MobileHomeFormula my son in law and I installed a mini split in my garage at another house. they are fairly easy to install with help. However, you will need to hire an a/c contractor to charge the system. At least on mine I did. That one unit ran about $1500-$1700.
Thanks for the video John
Thanks for commenting. Hope this was helpful. Keep in touch.
I need your expert advice.
I looks at a 14 by 48 mobilehome. 1994 Artcraft wick stamped 3 star stamped for energy efficiency.
The outside is beautiful. Vinyl siding. The inside had the walls not paneling. The walls actually felt like decorative paper. The heat wasn't on or the electricity. In a very nice nice mobilehome park. Of course $400 a month.
New skirting. I called the 2 utilities companies and found out their utilities $ average last year. Very low.
The park owner wants $20,000. They say they will replace the dishwasher. They won't guarantee the washer and dryer. They will only give a 60 day warranty of the mobilehome it's self, which I'm sure is heating extra. Looks like previous owner put in a expensive Central/ Air. I noticed back bedroom cieling has a small water stain
My question is what should or cd be my negotiation leverage to get this place
And the inside needs cleanup and updates!!!!
Hi Mildred. Thank you so much for reaching out and connecting. Very glad to hear that you are already looking at this mobile home for sale. It certainly does not sound too old at all. The dimensions are decent, but definitely on the smaller side. I'm imagining that this is a two-bedroom mobile home. You mentioned it is in a very nice mobile home park and that the lot rent is $400 a month. I am not sure where this is located, which state or city… For that reason I hesitate on giving you any advice if this asking price is too high or too low. However I can say the $20,000 is definitely a round number and completely made up as to what the park owner wants for the mobile home. Some park owners simply want to fill their community with good people and make sure lot rent is paid. Other park owners want to suck every dime out of the property they can. If you do pay anything close to $20,000, it sounds like you will have to add at least a few more thousand dollars with regards to the condition of the home and all the questions around the electricity which may or may not be working. If you did pay anything close to $20,000 and added more money, I would want you to be able to resell right away for cash, not payments, for $40,000 give or take. I'm not sure of your area however this is unlikely in most areas of the country for a two-bedroom home from the 90s. It definitely is very possible in some areas of the country, however I'm thinking the $20,000 for this mobile home is on the high side. However, if you are in a very hotspot desirable area around the country the $20,000 may be a low price. When it comes to negotiating with the park owner Park manager you want to make sure you stay focused on all the benefits that you are bringing to the community, if the park owner discounts the property they will be doing it because they trust you and know that you are the path of least resistance. You are no risk because you want to clean up the home and fix up the property and invest the money and time needed. You can only pay what you can pay. Be proud of your offer, make sure you will make a lot of money, and whether it is accepted or not move on to the next park and next offer. Keep in touch with this manager as more things may become available however you do not have to purchase every home. I hope this helps and points you in the right direction. Definitely keep in touch with any follow-up questions. All the best.
@@MobileHomeFormula absolutely it helped me out quite a but. I did call the utility companies for this lot number to find out their utility average. They are offering 60 days warranty if I pay their full asking price. And to my understanding it's with the home up and running. I think your right that they are high on price by a small amount!!!!. And you are absolutely correct to figure sinking in a few thousand once they pass ownership. It's in Iowa.
You gave me alot of good pointers!!!!. Thankyou
Great vid
Thank you
Glad you enjoyed it!
We paid for a professional inspector, best money we ever spent.
Thanks for reaching out and connecting. Understood and agreed. For most and-users that will be living in the mobile home that they are purchasing, and inspector can easily pay for themselves. Most inspectors will absolutely find things that average people miss out on. These issues can then be used as a bit of a negotiation factor. Which is normal after all since these repairs typically will cost a good bit of money to fix. Thanks again for commenting. Any follow-up mobile home or manufactured home related questions never hesitate to reach out anytime.
Nice info.
Thank you! I do hope that this video was somewhat helpful to you already. If you have any mobile home specific questions never hesitate to reach out any time. All the best.
Very educational
Thanks for commenting and reaching out. When you have any mobile home related questions never hesitate to comment back anytime. All the best.
WHERE ARE YOU LOCATED
Hello Lisa. Thanks for reaching out and connecting. Located in the central Texas area. However folks that are interviewed on this channel are located around the country. Moving forward if you have any mobile home related questions never hesitate to reach out anytime.
Never buy a home that is next to a septic tank...
Thanks for commenting. I am curious your experience with buying a home next to a septic tank. There are different types of septic tanks, ones that are inground, and ones that are sticking above the ground as well. If a site build home Oregon manufactured home dumps its waste into a septic tank then that septic tank will likely be somewhere somewhat close to the property. However in almost every situation this is usually done to code and in a relatively safe manner. Then again I have seen some crazy things over the years. However curious what you may have dealt with or any advice you have for folks purchasing a home with a septic tank.
@@MobileHomeFormula , Their septic tank leaked raw sewage under my home for 2 years. it was a nightmare ,they are now hooked up to the city sewer,so it isnt leaking no more, the tank was right next to my bedroom, the smell was bad..the tank was underground, but six homes was hooked up to it...
On a couple of those houses i would’ve just ripped all the flooring out and redone it
Hi Jayden. Thank you for reaching out and connecting. New flooring throughout an entire mobile home will certainly be a wow factor in many situations. Thanks for commenting and mentioning this. Moving forward if you have any mobile home related questions never hesitate to reach out any time. All the best.
I wouldn't care if they saw me inspecting. you should look at everything.
Understood and agreed. Thanks for commenting. Looking around and testing everything can definitely show that you have done this before. Not to mention the more thorough we look into things the better. Thanks again for commenting. Any follow up mobile home related questions never hesitate to reach out any time.
Never seen a nice trailer.
Trailer parks are the worst....
Thanks for commenting. Everyone is definitely entitled to their own opinion. I imagine that the person commenting this may never have actually seen a decent mobile home park. I know before I purchased my first mobile home in a park that I had never been through a mobile home park and only had negative opinions on them. If someone would have asked me about mobile home parks I probably would have said the same thing. However after driving through a lot of them and talking with the people that are there, there really are a lot of good folks and regular people inside these communities. The parks are only as good as the management. After all these years I'm a little glad that the negative mobile home stigma has lasted. This keeps other investors out of this niche as most people think trailer parks are the worst too. Moving forward if you have any follow-up mobile home questions never hesitate to reach out any time.
@MobileHomeFormula
Lived and grew up in these places. Even the nicer ones always had high crime and domestic disputes.
A mobile home is a great starter on a piece of land where you plan to build a house.
I dont think I can take advice from a haircut like that...
Agreed! He can't even cut his hair... why should you listen to him about his successful investing for 20+ years.
@@MobileHomeFormula if you are successful for 20 years you don't spend hours making your hair like a trans Karen. In fact I dont think anyone does that. Trudeau's hair doesn't even come close to that trainwreck. Is that you? Bro...
if there is one investment worse than crypto…
100%! Investing in affordable housing is a scam. Definitely stay away from these nasty things.
cheap materials built like junk all of them
Thanks for commenting. Many of them for sure... Especially the ones built prior to 1976 when there were much fewer building regulations for these homes. However these days sometimes you will go into mobile homes that have been completely rebuilt and are way nicer than they originally were.
dude get a hair cut lol
I'm holding off til I close my next big park deal.
@@MobileHomeFormula I went otr and when I came back everyone called me Yeti.
Bleach is the worst for mold so don’t use bleach
Hi Chris Hemingway. You for reaching out and connecting. Great advice! Would you suggest a degreaser such as Dawn or something else? Why is it that bleach being used to kill mold is such a common and widespread misconception? I have been told this for years and still whenever I clean off mold with soap and water, or remove it all together, I still will likely bleach nearby locations in fear spores have spread in the general area. Thanks again for the advice. As always, if you have any follow-up comments or questions never hesitate to reach out anytime. All the best. Talk soon, John